William G. FLANIGAN, I/ & on behalf of all others similarly situated; Roger L. Pape, I/ & on behalf of all others similarly situated; David J. Osterhout, I/ & on behalf of all others similarly situated; Marvin F. Sedlacek, I/ & on behalf of all others similarly situated; Alan R. Saydah, I/ & on behalf of all others similarly situated; Joseph E. Leone, I/ & on behalf of all others similarly situated; Stephen Loughlin, I/ & on behalf of all others similarly situated; Donald R. Bloyer, I/ & on behalf of all others similarly situated; Joseph G. McGuire, I/ & on behalf of all others similarly situated; Melvin L. Gilbert, I/ & on behalf of all others similarly situated; Barbara A. Tobler, I/ & on behalf of all others similarly situated; Joseph M. Belmont, I/ & on behalf of all others similarly situated; Richard R. Ducko, I/ & on behalf of all others similarly situated; Anna M. Marco, I/ & on behalf of all others similarly situated; Vernon W. Wagner, I/ & on behalf of all others similarly situated; Carol A. Moody, I/ & on behalf of all others similarly situated; Mark H. Trzyzewski, I/ & on behalf of all others similarly situated; Stephen J. Smith, I/ & on behalf of all others similarly situated; David P. Cranston, I/ & on behalf of all others similarly situated, Plaintiffs-Appellants,
v.
GENERAL ELECTRIC CO.; Dale F. Frey; Michael J. Cosgrove; John H. Myers; Joel R. Wilson; Arthur S. Bahr; Alan M. Lewis; Eugene K. Bolton; Donald W. Torey; Martin Marietta Corporation; John H. Knies; Lockheed Martin Corp., Defendants-Appellees,
Laureen Warrick; Kenneth Brillinger; Frederick A. Holmes; Christine Grudzien; Fred M. Sloan, Movants.
United States Court of Appeals, Second Circuit. August Term, 2000.https://leagle.com/images/logo.png
Argued December 4, 2000.
Decided March 2, 2001.
Attorney(s) appearing for the Case
Alan M. Sandals, Sandals, Langer & Taylor, LLP, (Kay E. Sickles, Joseph C. Kohn, Kohn, Swift & Graf, P.C., Dennis Faucher, Miller, Faucher Cafferty & Wexler, Philadelphia, PA, of counsel, J. Daniel Sagarin and Elias A. Alexiades, Hurwitz & Sagarin, P.C., Milford, CT, of counsel, David S. Preminger, Rosen, Preminger & Bloom, New York, NY, of counsel, Jules L. Smith, Blitman & King, Rochester, NY, of counsel, Francis J. Robinson, Newtown Square, PA, of counsel, Ronald H. Surkin, Richard, Di Santi, Hamilton & Gallagher, P.C., Media, PA, of counsel), for Plaintiffs-Appellants.
Patrick W. Shea, Paul, Hastings, Janofsky & Walker LLP, Stamford, CT, (Jennifer M. Bologna, Dale F. Frey, Michael J. Cosgrove, John H. Meyers, Joel R. Wilson, Arthur S. Bahr, Alan M. Lewis, Eugene K. Bolton, and Donald W. Torey, of counsel), for Defendants-Appellees, General Electric Co., Dale F. Frey, Michael J. Cosgrove, John H. Myers, Joel R. Wilson, Arthur S. Bahr, Alan M. Lewis, Eugene K. Bolton and Donald W. Torey.
Paul J. Ondrasik, Jr., Steptoe & Johnson LLP, Washington, DC, (Morgan D. Hodgson, Sara E. Hauptfuehrer, of counsel), for Defendant-Appellee Lockheed Martin Corp.
Before: KEARSE, WINTER, and McLAUGHLIN, Circuit Judges.
United States Court of Appeals, Second Circuit. August Term, 2000.
BACKGROUND
McLAUGHLIN, Circuit Judge:
The demise of the Soviet Union in the early 1990's had a direct impact upon the defense industry in the United States. As the industry reshaped itself, the Martin Marietta Corporation (now Lockheed Martin or "Lockheed") acquired the General Electric Company's ("GE's") aerospace division in a bewilderingly complex transaction that closed in early April 1993 (the "deal"). In the...
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